DLavrov

NASDAQ Bearish Divergence

Kort
FX:NAS100   NASDAQ 100 CFD Cash
Trading against the strong up trend seems not a very good idea, but price bounced from the possible reversal zone 5400-5450 and we have a bearish divergence. Why not to try make some profit? Entry level can be below the resistance level 5400 or below the swing low 5310. Stop orders must be placed above 5500 and take-profit orders at 5160 level. But I think it's better to use trailing stop for exit, because the up trend is strong and if price does not move to the support level, we'll see a new up movement to 5500 level.

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